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Investegate |Ørsted A/S Announcements | Ørsted A/S: Ørsted completes acquisition of Ireland and UK onshore wind power platform from Brookfield Renewable

Investegate announcements from Ørsted A/S, Ørsted completes acquisition of Ireland and UK onshore wind power platform from Brookfield Renewable

United kingdomKathrine ejlskovKieran whiteDeclan flanaganBrookfield renewableBrookfield renewable irelandManaging directorCorporate knightNasdaq copenhagenInvestegate announcementsInvestegate company announcementsLobenewswire and globenewswireஒன்றுபட்டது கிஂக்டம்கீரெந் வெள்ளைடெக்லான் ஃப்ல்யாநகந்ப்ரூக்ஃபீல்ட் புதுப்பிக்கத்தக்க

Orsted completes Brookfield Renewable Ireland acquisition

Orsted has completed the acquisition of Brookfield Renewables onshore wind business in Ireland and the United Kingdom, Brookfield Renewable Ireland (BRI). Headquartered in Cork, Ireland, BRI has a portfolio of 389MW in operation and under construction, 149MW at a mature stage of development and projects of more than 1GW in the development phase in Ireland and the UK. Orsted s chief executive for onshore business Declan Flanagan said: With this purchase, we are officially entering the European onshore wind market. We welcome a BRI team with strong technical competencies and a business culture that complements our own, and we look forward to expanding our portfolio together.

United kingdomKieran whiteDeclan flanaganBrookfield renewableBrookfield renewable irelandஒன்றுபட்டது கிஂக்டம்கீரெந் வெள்ளைடெக்லான் ஃப்ல்யாநகந்ப்ரூக்ஃபீல்ட் புதுப்பிக்கத்தக்கப்ரூக்ஃபீல்ட் புதுப்பிக்கத்தக்க ஐயர்ல்யாஂட்

Ørsted acquires Ireland and UK onshore wind power platform

Danish Today, Ørsted has entered into an agreement with Brookfield Renewable, a global owner and operator of renewable power assets, to acquire a 100 % equity interest in its existing Ireland and UK onshore wind business, Brookfield Renewable Ireland (BRI). The agreement is based on an enterprise valuation of BRI of EUR 571 million as of 31 December 2020. The final price will be subject to customary adjustments. With the acquisition of BRI, Ørsted enters the European onshore market. BRI, headquartered in Cork, Ireland, is a developer, owner, and operator of onshore wind farms. BRI has an attractive portfolio of 389 MW in operation and under construction, 149 MW advanced development, and more than 1 GW of development pipeline in Ireland and the UK.

United statesUnited kingdomCity ofDeclan flanaganCarsten birkeland kjGroup media relationsBrookfield renewableBrookfield renewable irelandGroup presidentCorporate knightNasdaq copenhagenGroup mediaஒன்றுபட்டது மாநிலங்களில்ஒன்றுபட்டது கிஂக்டம்நகரம் ஆஃப்டெக்லான் ஃப்ல்யாநகந்

Interim report for the first quarter of 2021: The first quarter of 2021 delivered strong strategic progress and good operational performance

Interim report for the first quarter of 2021: The first quarter of 2021 delivered strong strategic progress and good operational performance
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Brookfield renewable irelandப்ரூக்ஃபீல்ட் புதுப்பிக்கத்தக்க ஐயர்ல்யாஂட்

Ørsted continues stable operations despite COVID and cable issues

Ørsted Offshore wind giant Ørsted has issued its interim report for the first quarter of 2021 noting that it continued stable operations despite the COVID-19 pandemic. The company s operating profit (EBITDA) for the first quarter of the year amounted to DKK 4.9 billion, a DKK 1.9 billion decrease compared to the same period last year. It attributed the decrease to high earnings from the construction agreement related to the Hornsea 1 transmission assets in Q1 2020 not being repeated in Q1 2021, very strong wind speeds in Q1 2020 and the divested distribution, residential customer, and city light businesses last year. Net profit amounted to DKK 1.6 billion and

East riding of yorkshireUnited kingdomBrookfield renewable irelandகிழக்கு சவாரி ஆஃப் யார்க்ஷயர்ஒன்றுபட்டது கிஂக்டம்ப்ரூக்ஃபீல்ட் புதுப்பிக்கத்தக்க ஐயர்ல்யாஂட்